I have been reading, studying and attending real estate investment seminars for the past two and half years.

A local attorney will also explain to you what practices and procedures you must follow in order to be sure the LLC (the LLC won't do you any good if you don't know what you have to do to maintain the protection it is intended to provide).

I agree, start reading and reading and studying.

Mostly interested in costs and processes of registering a rental property, obtaining/maintaining lead certs,  or any other cost or challenges that an inexperienced potential landlord may overlook before jumping in.Any information that could be provided would be greatly appreciated.

I am not going anywhere in the RE game; to much of a passion for it and my involvement in the restaurant is basically going to be just marketing from Memphis and maintaining relationships with bankers when we open up store # 2, 3, 4.......One of the owners is relocating to run it.

I started studying how to invest in real estate in January and now I see the great possibilities to build wealth, my dream is to make ugly houses into pretty ones.  

I've been studying LOs for a few months now, getting ready to make calls. 

So just curious, what DTI ratios do people here maintain?

Buyer has examined the Premises and is relying solely upon such examination with respect to the condition, character and size of the land, improvements and fixtures, if any, constituting the Premises.At Buyer's own cost and expense, Buyer shall obtain and maintain in full force and effect at all times during the continuance of this Contract: (a) comprehensive liability insurance for bodily injury or death to any person or persons, and property damage insurance, in such amounts as Seller reasonably deems necessary; and (b) fire and extended coverage insurance in an amount sufficient to prevent Seller from being a co-insured under said policy of insurance, but in no event less than the unpaid balance due under this Contract.Seller and Buyer shall both be named as insured parties in the insurance policies required above, as their interests appear, Buyer shall furnish Seller with memorandum copies of such insurance policies upon Seller's execution of this Contract.

There is no lending de minimis federally for homes being sold by someone who did not live in, or inherit the home.John Ferdo maintains a list of rules for dealer's licenses which has no impact on lending rules, unless the titling authority in the state also does not allow unlicensed seller financing of titled manufactured homes.